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BOOK REVIEW: “What is Strategy – and does it matter?” by Richard Whittington (2000)

Key words
Strategy, brief history of strategy, corporate, international trade, IBM, technology, resource-based of the firm, knowledge-based view of the firm, Apple, Walkman, Intel, Andy Grove, leadership, Japan, France, USA, UK

Summary

Richard Whittington, who has published extensively on strategy, offers a fascinating discussion on some of the key issues in strategic management. The book requires some background knowledge of the subject (perhaps not the first book to read then if you are new to this discipline) and then invites you to develop a personal view.

This is quite a useful book then once you have mastered some of the key elements of strategy. The book states clearly that it is designed more for a graduate or advanced undergraduate level.

Some keys facts:
The word ‘seduction’ comes from the Latin word “ducere”, to lead.

Only a quarter of the Japanese companies described ‘good short-term profits’ as their objective

Pascale ( 1982) reports that the Japanese do not even have a phrase for ‘corporate strategy’

When, in 1982, it launched its first personal computers, IBM predicted a market of 300,000 worldwide; a decade later, the installed base was 110 million. (Tate, 1991) Continue reading

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Filed under Book Review, France, Great Britain, Higher Education, Management, Strategy, USA

BOOK REVIEW: “The Upside Of Irrationality:The Unexpected Benefits of Defying Logic at Work and at Home” by Dan Ariely (2010)

More of the same from Dan and just as interesting. He looks at why large bonuses can make CEOs less productive, why we are willing to take revenge on others even if it costs us more and why there a difference between what we think will make us happy and what really makes us happy. You’ll also learn about the IKEA effect (if you build it yourself, it seems more valuable) and the Baby Jessica effect (why we respond to one person’s suffering but not to the suffering of many).
Continue reading

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Filed under Book Review, Business, Business Schools, Careers, Entrepreneurship, Management